KCB sets the pace for executive pay reporting with detailed account

KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG

Kenya’s biggest bank by assets, KCB, #ticker:KCB has set the pace in executive pay reporting with a comprehensive account of its directors’ remuneration, making it the first bank to comply with the new reporting demands.

KCB says in its financial report for the year ended December 2017 that it paid its chief executive, Joshua Oigara, Sh256 million, placing him among the best paid executives in Kenya and giving shareholders the very first insight into the nature of compensation at the top of the business.

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Note: The results are not exact but very close to the actual.